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Ok, it may be worth setting up a limited company which is very easy to do so as to minimise your explosure to any claims.As a sole trader, there’s unlimited liability so yes you should take out insurance to protect yourself - you should consider taking out public liability cover and the main insurers can offer this. However, you can still operate as a sole trader under a limited company name.....The main advantages of a Limited Liability Company are that in the UK, it’s a simple way to protect personal assets, unlike a Sole Trader, the Limited Liability Company does not tie your personal assets to the company. A Limited liability Company in the UK limits liability to the total value of unpaid shares. ItIs a ‘person’ with its own identity, as such a UK Limited Liability Company can open bank accounts, invest, purchase property etc. in its name as a Limited Liability Company.If you want to work as a sole trader however then yes definitely explore insurance just to protect yourself. If memory serves me right, Allianz offer very competitive rates however I’d get a few quotes and see which fits your needs the best.Hope I’ve helped - if you can please rate the answerBest wishes,J

My laptop was destroyed by interlink when sent to a company called mac assist, it was their courier company who Picked up the lap top, interlink have offered 24 pound compensation after admitting liab… read more

I am a builder, I started a new build last April as a sole trader, in June I became a Limited Company. My client is now claiming that this is illegal. She has been aware from the start the I became a … read more

I practiced as a consulting engineer [Building Services] as a sole trader up to Jan 2010 at which time I sold the good will/trading accounts etc to my Limited Company. I wish to also transfer some Col… read more

Tourism business in UK If I have a tourism business in UK , What kind of expenses can I deduct from income to avoid high tax? (costs of running my car, I mean petrol, insurance, road tax, annual servi… read more

Hi, I'm looking for landlord insurance. Do you know which buildings and contents + personal liability/legal protection insurance as a sole trader live in landlord in a residental property would be bes… read more

looking to start trading a product online as a sole trader in the UK based from a spare room at home. The product i'm looking to sell is distributed exclusively by one company who will not sell to me … read more

Hi , I opened a bussiness4 months ago i signed a licence for a space in a shoping centre for 4 years and 9month i register myself as self employed. the business didn't work we have to close down .If i… read more

My wife wants to set up a home-based business with a friend, selling soft furnishings over the internet and in a local craft shop. My wife is already (self) employed as her "main" job, so she is well-… read more

2008 I brought a car advertised in Autotrader (small trader). completed all checks necessary found out 6 weeks later that it was stolen/cloned car. vehicle siezed on 31st May 2008, it went for forsenc… read more

I am just in the process of starting up a small business. I have developed some essences that I will be selling via my online shop. The idea is that they are manufactured by a homeopathic company and … read more

Hello sirs, I am a designer and have recently arrived in the UK and have just received my leave to remain, and would like to start trading, on my own. I have bought (expensive) equipment to lease to t… read more

Hi We recently started to renovate our house - the builders knocked down a load bearing wall in error causing damage to our home. Dispute with them for 4 months - they didn't respond for 3 months - le… read more

What is the minimum age one can become self employed as a sole trader. our son is 13yrs old and runs his own sucessfull market stall.we are constantly being told he /we are breaking the law .he is reg… read more

My limited liability company went into liquidation 2 years ago, I set up as a sole trader trading from premises that I personally owned. Should I have made the employees redundant when the Limited Com… read more

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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).